Tex. Water Code § 15.207 · Subchapter D. WATER BOND INSURANCE PROGRAM
CONSIDERATIONS IN PASSING ON APPLICATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In addition to criteria established in its rules, the board in passing on an application shall consider:
(1) the purpose or purposes for which the issuer is issuing the bonds;
(2) the financial ability of the issuer to meet its obligations under the bonds;
(3) the risk to the State of Texas in insuring the bonds and the ability of the state to pay the insurance coverage; and
(4) the needs of the area to be served by the project and the benefit of the project to the area in relation to the needs of other areas requiring similar state assistance and the benefits of those projects to other areas.
Notes and commentary — not statutory text
History
Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.15.htm
- Text hash
- sha256 a55be6f4e2bfd13015651acb1668200733bfb94f55d6e9e30e77e596249da70c
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.